HenryTo
Site Admin
Joined: 06 Aug 2004
Posts: 11732
Location: Los Angeles, California
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 Posted: Mon Aug 01, 2005 11:04 am Post subject: China's economy sends slowdown signals |
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Reinforces my Chinese slowdown scenario - something that we have been discussing over the last several months.
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China's economy sends slowdown signals
Two manufacturing reports reinforce views that expansion will continue, but at a slower pace.
August 1, 2005: 7:48 AM EDT
BEIJING (Reuters) - A pair of reports on Chinese manufacturing issued Monday reinforced views that the country's economy is gradually cooling.
Hong Kong-based brokerage CLSA said its purchasing managers' index for China rose to 51.5 in July from 51.0 in June.
The increase, the first in four months, signaled a slightly stronger rate of improvement in China's manufacturing sector, but it was still the third-weakest reading since the index was launched in April 2004.
An index based on a separate survey of purchasing managers conducted for the National Bureau of Statistics painted a less rosy picture. The index fell for the fourth straight month in July, to 51.1 from 51.7 in June.
However, both indexes remained above the 50 mark, indicating manufacturing expansion; a reading below 50 shows contraction.
Original link: http://money.cnn.com/2005/08/01/news/international/china_manufacturing.reut/index.htm |
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